Investors eyeing a purchase of Extreme Networks Inc stock, but tentative about paying the going market price of $4.11/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June 2017 put at the $2.50 strike, which has a bid at the time of this writing of 10 cents.

The most recent short interest data has been released for the 05/13/2016 settlement date, which shows a 540,732 share increase in total short interest for Extreme Networks Inc , to 2,771,510, an increase of 24.24% since 04/29/2016. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.